Wife asks "How do you know this is a good idea?"

[Victor Noriega]

My wife and I are fairly new to real estate investing. We have one SFR in Austin. We just started our first direct mailing campaign and are targeting vacant land. This strategy was inspired by the podcast with Seth William's.

I wanted to jump right in, spend money on different subscriptions, buy a guru course. My wife is more conservative than I am and is always asking those very important questions. "How do you know it is a good investment?" "How are you going to sell the properties?"  "Where are you going to get the money to finance the deals?"  This led me to do more research in land buying strategies. I made a deal with myself to not start spending money until I could answer her questions comfortably.  This made sure we could be on the same page when investing.  

By researching through bigger pockets and a few bloggers that specialize in land.  I was able to map out the process. I broke down each step and was able to answer the questions.  I created a basic business plan and created processes for the business. I was able to make informed decisions on what to spend money on. And we skipped the guru course, for now. 

I still have more to learn, but as most guests on the podcast say, don't wait until you know everything.  Thanks Bigger Pockets and members - Victor and Cynthia.